The APENFT Marketplace is a comprehensive platform where users can trade NFTs, experience the metaverse, and play blockchain-based games across multiple blockchains. Developed by the APENFT Foundation, the APENFT Marketplace functions on Binance Smart Chain (BSC), TRON, and the Layer-1 Ethereum blockchain.

The APENFT Marketplace leverages BTFS decentralized storage technology and enjoys interoperability thanks to the BitTorrent Chain. The project was established as a way to democratize elite and exclusive artworks by tokenizing them and transforming them into non-fungible tokens.

With the slogan art for everyone, APENFT boasts an impressive collection of high-end art, including works by Pablo Ruiz Picasso, Andy Warhol, and BEEPLE. Notable partners of the APENFT Foundation include Sothebys, Christies, Nifty Gateway, Helu-Trans Group, Binance, Ethereum, BSC, and more.

NFT is the native token of the APENFT platform and serves as the official governance token of the APENFT Foundation. It is designed as an ERC-20 token on Ethereum and works as a TRC-20 token on the TRON blockchain. It denotes proof of right for NFTs on the APENFT Marketplace.

APENFT was devised as a project that could leverage the power of blockchain technology to make artworks accessible to all. Powered by immutability, transparency, and decentralization, APENFT leverages the power of NFTs to register world-class artworks as non-fungible tokens on the blockchain.

In addition, the platform wishes to bridge the gap between world-renowned artists and native crypto NFT artists, providing its technology to foster the growth of both these areas of the global art market. Users can use the APENFT Marketplace to register traditional artworks as NFTs, put their data on-chain, and ensure complete transparency. They can leverage the power of the NFT token to establish proof of rights over these artworks, preventing fraud - one of the biggest concerns plaguing the fine art world.

In addition to operating the APENFT Marketplace, the APENFT Foundation invests in other top NFT platforms and networks, incubating leading NFT artists, sponsoring galleries, organizing art exhibitions and publications, setting up awards, and establishing art collections. APENFT also aims to expand the mainstream adoption of blockchain technology by innovating new use cases for distributed ledger technology (DLT).

The APENFT Fund also invests in traditional artists fine art pieces, leading NFT artworks, and works to support art creation and establish ownership over them. It also improves the overall NFT trading standard and experience worldwide.

APENFT was registered on 29 March 2021 in Singapore, with Steve Z. Liu as its President. Steve is an engineering graduate from Zhejiang University and holds an MBA in Finance from Columbia Business School. His prior experience spans over 20 years across leading financial institutions and securities firms.

In May 2021, APENFT announced an airdrop of its native token NFT to TRC20-BTC, TRC20-ETH, TRC20- TUSD, TRX, BTT, and JST token holders on the TRON mainnet. The token airdrop aims to drive higher levels of engagement on the APENFT Marketplace among the crypto community in the TRON ecosystem.

In October 2021, the APENFT Foundation announced a strategic partnership with Kraftly to create a thriving NFT ecosystem on the TRON blockchain. In addition, it announced the establishment of the Art Dream Fund in the same month to support selected NFT artists.

APENFT announced Genesis NFT Badges in March 2022, an exclusive user identification. The collection launched in April 2022, featuring 10,000 NFTs giving its owners special access to the marketplace, including receiving airdrops from the APENFT Marketplace and whitelisting for future public sales.

One of the most important factors to gauge the potential of a crypto project is to check its backers and partners. In this regard, the APENFT crypto could be considered a good investment as it has an illustrious lineup of partners from both mainstream and crypto sectors.

The APENFT price could head higher amid the rising adoption of its ecosystem by both NFT artists and traders. As more collections launch on the APENFT Marketplace, it could attract more users and support the NFT price.

The APENFT value and market capitalization could also surge amid consumers and brands rising interest in the overall NFT market. Forging new partnerships with artists, arthouses, and other prominent players in the art industry could further cement the potential of the APENFT project and support the APENFT price statistics.

Finally, the APENFT price could also increase as the market sentiment towards digital assets improves. Increased investor confidence in the crypto market could encourage more buyers to invest in cryptocurrencies across the board, making the NFT crypto a worthy investment to consider.

NFT is the native digital asset of the APENFT ecosystem and has several uses. Here are some of them:

Governance Token

NFT token holders enjoy voting rights on the APENFT Marketplace. In addition, they are eligible to receive a share of the profits earned by the platform and enjoy access to NFT airdrops.

Establish Ownership of NFTs

Every NFT sold on the APENFT Marketplace also uses the NFT tokens to establish proof of rights on the platform.

Incentive Token

Holders of BTC, ETH, TRX, and other tokens who participate in the APENFT ecosystem can receive governance rewards in the form of NFT tokens.

DeFi Airdrop and Mining

APENFT will use NFT crypto to expand the DeFi ecosystems on Ethereum and TRON networks. The APENFT Foundation will also partner with HECO and BSC to launch the DeFi airdrop and mining of NFT crypto.

Crypto Asset to Trade and HODL

The native token of APENFT is also an exciting crypto asset to invest in. You can buy or sell APENFT against other cryptocurrencies or hold it long-term if you believe in the project's future potential. Check the live APENFT price, NFT market cap, current circulating supply, 24-hour trading volume, and the latest crypto news before you trade NFT.

Earn Passive Income

BYDFi lets you put your NFT holdings to work and earn passive income. Head to our Crypto Lending section to lend liquidity for NFT to the platform. You can earn exciting daily interest over seven days, 14 days, or 28 days for lending liquidity in the APENFT crypto to BYDFi.

Heres how you can use the APENFT Marketplace:

1. Connect your TronLink Wallet to start using the platform. Create a new TronLink Wallet if you dont already have one.

2. Add funds to your TronLink Wallet by buying Tron (TRX) on BYDFi or other supported platforms. You can then withdraw these tokens from your trading account into your wallet.

3. Click on the Explore section at the top of the APENFT Marketplace homepage.

4. Filter available NFTs based on Collection, Status, Price, and Category.

5. Select the NFT you are interested in. Click on Make Offer to place a bid on the non-fungible token.

6. Approve the transaction using your TronLink Wallet.

Although it is impossible to make an accurate APENFT price prediction over any duration, it could be pretty challenging for the APENFT price to touch 0.01. This is mainly because of the extremely high circulating supply of the token.

The NFT total supply is set at 999.99 trillion by APENFT, while its current circulating supply as of August 2022 is a little over 277 trillion. If the price of the crypto reaches 0.01, it could take the market cap to over 2 trillion, an extraordinarily high and unrealistic valuation for the APENFT project.

Theoretically, however, if the APENFT Foundation significantly increases the burn rate of the NFT token and brings down the NFT circulating supply to millions from trillions, we could see the NFT token price touch the key 0.01 mark in the future. However, the token burning mechanism must pick up a significant pace for this to happen.

In May 2021, APENFT Foundation announced an airdrop of APENFT (NFT) crypto to holders of TRC-20 BTC, TRC20-ETH, TRC20-TUSD, TRX, BTT, and JST holders on the TRON mainnet. The developers set aside 5% of the total supply of NFT tokens for its APENFT (NFT) Airdrop Program, allocating tokens in the following manner:

1% of the total supply was airdropped in the first month, starting in June 2021.

The remaining 4% will be airdropped monthly for the next two years.

In October 2021, APENFT announced an update to its Airdrop Program, making holders of WIN tokens eligible to receive NFT airdrops. This plan replaced TRC20-BTC, TRC20-ETH, and TRC20-TUSD token holders from the airdrop eligibility.